Grace University is a private, non-profit higher educational institution that is tuition driven. While the University receives gifts from churches, corporations, friends, and alumni to help offset the total cost of education, the primary revenue to operate the daily operations of the University comes from the tuition and fees charged to students. The University seeks to keep tuition rates and fees as low as possible without jeopardizing the fiscal stability of the institution. Just as the expenses for private Christian college education may cause students to exercise faith in the Lord to provide the necessary funds, these rates also cause University personnel to exercise faith in the Lord as well!

Listed below are the established tuition and fees for undergraduate education at Grace University. This financial information is for the 2007-2008 academic year.

Grace University has just made a Christ-centered college education more affordable.  If you are accepted as a full time undergraduate student at Grace University, we guarantee you a Grace Awards Scholarship based on your high school or college GPA.

(Awards for Traditional Undergraduates Who Are Full-Time, On-Campus students)

Traditional Undergraduate Tuition Rates and Fees

Students who entered prior to Fall 2003 may receive lower rates based upon the year they first enrolled.

Independent Studies (I-Studies) and Directed Studies are billed at the undergraduate tuition rate.

For Information on a Tutorship, please see the Scholastic Policies and Grading System description that explains the option.

An Audit Fee is charged in lieu of tuition for students who do not wish to receive college credit. See the Scholastic Policies and Grading System page for information on Auditing classes.

Room and Board

Students living on campus must select one of the University’s meal plans. Dining Commons is closed between semesters and during Fall Break, Thanksgiving Break, Spring Break, and Summer.

Dining for off-campus students is available.

Special Fees and Deposits

General Financial Information
In order to illustrate the cost of education at Grace University the following semester expense example has been calculated. Basic on-campus student costs, excluding private music lessons and special fees, per semester are:

Tuition, fees, dining and housing are payable at the University Business Office at the beginning of each semester. The University anticipates that these obligations be funded through a combination of student and family resources, plus various scholarships, grants, aid, or loans. It is the student’s responsibility to apply through the University Financial Aid Office in advance if he/she anticipates a need for scholarships, grants, aid or loans so that funds are approved prior to the start of each semester. Late fees are charged on the student’s entire account balance.

Grace University will not impose any penalty on any student because of the student’s inability to meet his or her financial obligations to the school as a result of the delayed disbursement of Title IV loan proceeds due to compliance with statutory and regulatory requirements applicable to the Title IV programs or delays attributable to the university.

A student not fulfilling their financial obligation may be denied continuation at the University and may not receive a transcript, degree, diploma or participate in graduation exercises.

All University fees, policies, and programs are subject to change. Notice of any change will be communicated through normal campus communication systems. Fees are established on a yearly basis; in the unlikely event of a fee change during the academic year, registered students will be notified in writing prior to the implementation of any rate change.

Refund Schedule
Various expenses, such as payments for faculty, support staff, equipment, and materials are incurred in anticipation of students who will attend the University. Therefore, the following refund schedule of institutional charges is applicable to withdrawals or class drops (* Fees for PE Outdoor Recreation classes are non-refundable):

Institutional charges are tuition, fees, housing, dining, and other charges assessed the student by the institution. Non-institutional costs may include, but are not limited to books, supplies, and transportation.

If a recipient of Title IV assistance withdraws during a period of enrollment in which the recipient began attendance, Grace University must calculate the percentage and amount of Title IV assistance the student did not earn and return those funds to the Title IV programs. If the day the student withdrew occurs on or before the student completed 60 percent of the period of enrollment for which the assistance was awarded, the amount of aid earned by the recipient is calculated by determining the percentage of the enrollment period completed multiplied by the total amount of Title IV aid that was dispersed (and that could have been disbursed) for the period of enrollment as of the day the student withdrew. If the day the student withdrew occurs after the student has completed 60 percent of the period of enrollment, the recipient has earned 100 percent. The percentage and amount not earned is the complement of the percentage of Title IV aid earned multiplied by the total amount of Title IV aid that was disbursed (and that could have been disbursed) to the student, or on the student’s behalf, for the period of enrollment, as of the day the student withdrew.

The University will refund all Title IV Student Financial Aid (SFA) credit balances within 14 calendar days of the start of the semester or within 14 calendar days of the occurrence of the credit balance, whichever date is later. The University will refund any credit balance requested by the student within 14 calendar days after the student’s request.

Full withdrawals of full-time traditional undergraduate students are subject to an administrative fee of $100.

For more details or a copy of the federal refund policies, contact the Financial Aid Office.

EXCEL Refund Schedule

Scholarships and Grants
Grace University offers a wide range of scholarships and grants. Detailed information regarding financial aid is available from the University’s Financial Aid Office at (402) 449-2810 or on the web at the Grace University Financial Aid Page.

Scholarship or grant applicants must apply for admission by March 1 for the following fall semester. Applications received after March 1 are considered on a first-come basis. Grants and scholarships are subject to funds allocated.

Applicants must meet the general admissions requirements. The amount of financial aid granted by the University is determined by the Financial Aid Office within guidelines established by the University Scholarship and Financial Aid Committee. A student must be full-time (12 or more hours enrollment at Grace University) per semester to receive a Grace University scholarship or grant. Non-University grants and scholarships may also be received. Decisions of the committee are final. Applicants and continuing students seeking any form of financial aid should inform parents or legal guardians that pertinent financial data may be required in the financial aid application process provided the student is a dependent. Failure to provide financial information can significantly impact funds available; falsification of documents is punishable by federal law.

Title IV Financial Aid for Undergraduates
Federal Pell Grants
The Free Application for Federal Student Aid (FAFSA) is available from high school counselors or the Financial Aid Office. The amount of the grant is determined by the results of the family financial statement and the amount of money allocated by Congress. Students who already have a Bachelor’s degree are ineligible for Pell Grant.

The University identification number is 002547.

Federal Family Education Loans
Grace University is qualified to process federally insured loans (Federal Stafford and PLUS)under the U.S. Department of Education. Loans require the approval of the lending institution selected by the student or his/her parents and the endorsement of the University Financial Aid Office. Processing of loan eligibility and applications requires approximately four weeks.

Federal Supplemental Educational Opportunity Grants
A Federal Supplemental Educational Opportunity Grant (FSEOG) is for undergraduates with exceptional financial need – that is, students with the lowest Expected Family Contributions (EFCs) – and gives priority to students who receive Federal Pell Grants. An FSEOG doesn't have to be paid back.

Federal Work-Study
The Federal Work-Study Program provides jobs for undergraduate and graduate students with financial need, allowing them to earn money to help pay education expenses. The program encourages community service work and work related to your course of study.

Tuition Payment Plan
The University offers a Tuition Payment Plan for the ‘out of pocket’ portion of the student’s bill. The Plan is administered by an outside firm, Tuition Management Systems, Inc. (TMS), Warwick, RI. Every registered student and his/her family will be contacted directly by TMS and offered a Tuition Payment Plan. Students and their families are encouraged to take advantage of this opportunity

Wisdom in Financial Planning for Education
Students anticipating entering vocational ministry professions need to think carefully about  how to finance their education.  Obviously those who plan to enter vocational ministry can anticipate salaries that are typically lower than many other vocations.  Wise students will beware of burying themselves under too much debt.  Students should always be alert to scholarship opportunities. Other options for students may be to take classes at a slower rate , or  consider seeking financial assistance from his/her local church. It is worth noting that some mission and/or support-based organizations require that employees/appointees be debt-free.

Satisfactory Progress Requirements for Financial Aid
The student must maintain satisfactory progress to maintain eligibility for Title IV financial aid. Refer to the Scholastic Probation and Academic Performance page for details related to GPA minimums.

Students on scholastic probation are eligible for Title IV financial aid for the ensuing semester. However, the GPA must be raised to the required level during the probationary semester if the student is to maintain eligibility for Title IV financial aid. The Academic Appeals Committee may waive these requirements under extenuating circumstances.

Detailed policy information is available from the Financial Aid Office.